AceTrader

This site was designed to communicate with friends who share similar interest. The interest in the "free market". Stocks, over the long term, provide the best return on your money. More than cash, bonds and even real estate. Understand that investing is a learning process. We will learn from our mistakes and move on. This is a journey. Enjoy the ride!

Name:
Location: Bayside, New York, United States

My love for the market began in 1987 when I first opened a brokerage account with Fidelity Investments. You know what happened back in 87'. "Black Monday", the market crashed. My initial $ went down fast. Thus began my thirst for the challenge to make it in the market. Although I have science background, my Bachelors degree is in Economics from Washington University (great school). I also have earned an MBA in Finance from Fordham University, New York. Although I am registered as an "investment advisor" with the NASD, any information in this blogger is not intended for any business use.

Wednesday, August 23, 2006

Market Smells: (NTE)

Bad market action today (not that it was a surprise for us), my setup for QID trade (see yesterday's note) made yet another profit for us. Bought at $67.56 and Sold at $68.56 for a quick +1.5% gain. It seems that some of you are really enjoying watching my QQQQ trades. If you are new to investing, try to stick to the Acetrader portfolio for now. You need to practice with fake money first then jump in. Build a hypothetical portfolio and closely watch what happens. That's how you build confidence.

My mouth sore (from chemo therapy) is really bad now. I can hardly talk never mind eating anything solid. I lost 8 pounds during the last two weeks. Mentally and emotionally however, I am doing fantastic - you probably know why : )
Tomorrow, my "Human Touch Massage Chair" by Sharper Image will arrive. I can't wait. This chair is quite amazing. It even streches your whole body. Starting tomorrow, I will be sitting on that chair while I type my blogs. I will be taking restful naps on this chair. I will be receiving numerous massages too. You just can't go wrong with this fine machine. Check out the Sharper Image website for more info.

This Friday is my follow up colonoscopy (it goes up your ass). Starting tomorrow afternoon, I can't eat anything - not that I am eating much now. If you have never gotten colonoscopy done before, I strongly suggest you get one right away. That's how they found my cancer. I went for annual physical check every year. Blood test and the whole nine yards. Those tests can not find cancers - if you can believe it. Some of you might be growing cancer right now (I hope not but why leave it to chance?). I did not know or felt anything until the day I got my colonoscopy. It is the fastest growing cancer in the United States. No one in my family (both dad and mom's side) had cancer. I was handsome 5'10" and 152 pounds, looking very fit. You would never have guessed that I would be a cancer carrier. Don't put it off - get your check up as soon as your schedule allows. Hint: Insurances generally do not pay for your test unless you are over age 50 (how stupid is that?). If you see blood in your stool however, they will pay for it. Get it? Wink, wink...

We finally purchased Nam Tai (NTE) for our portfolio. 740 shares at $14.92/share. This is a good price. Buy now. This will be one of our long term holdings like Utek (UTK). To get more info. read my past notes it. You should consider yourself to be lucky to know and own NTE.

No QQQQ setups tonight. I feel that the market will go down in coming days. I will probably trade QIDs tomorrow. If market opens flat tomorrow, go short (buy QID), if it goes up a bit go short again. We will probably get quick 1.5-2% again. This is a dangerous time. The market can go either way - there's no clear path. My gut tells me it will be negative until the big boys come in after the Labor day holiday. The real serious business will start after the Labor day.
Come on down big boys-we are ready!

P.S: Yes, if you buy IDWD you will get the $2.35 cash offer and the 995ad.com shares. Assuming that this is not fake news. Many do not trust IDWD management, that's why it is trading at such low prices. So far, I am going along with the news from the company. I told you many times to buy near $1 and sell it near$2 - unless you completely trust the management. Then hold it until all deals consumate. We have made serious money (five figures) with IDWD this year. Just sold 5,000 shares at $1.38 today (cost was $0.69/share) taking some profit. Still own 15,000 shares. As you can see, IDWD trades in big swings. I love it.

0 Comments:

Post a Comment

<< Home